Jessica Larson - Loan Officer - MLO NMLS #1218313

01/17/2023

Call me today to get pre-qualified!
Snmc.com/lo/jessicanicolelarson/

11/13/2022

11/12/2022

Looking for that dream home today? Make sure you're pre-qualified for the home you're looking for! Our SIMPL app makes it all... well, simple! *Not all borrowers will qualify. This is not a promise to make a loan.

11/11/2022

To all of our brave men and women who have served, we thank you and salute you for defending our great nation and our freedoms .

11/11/2022

While the election results had little impact on mortgage markets this week, the CPI report on Thursday caused an enormous reaction. It revealed that inflation was lower than expected, and mortgage rates declined substantially.

In October, CPI was 7.7% higher than a year ago, far below the consensus forecast of 8.0%. Core CPI in October was up 6.3% from a year ago, also well below the consensus forecast, and down from 6.6% last month, which was the highest annual rate since 1982.

Helping the figures come in below the expected levels, used car prices dropped 2.4% in October. Apparel and medical care services also posted steep monthly declines. Shelter (housing) costs, which account for roughly one-third of the CPI index, continued to post significant gains in October, but this component generally operates with a lag. Current indicators of shelter costs such as newly signed rental agreements suggest that this area will provide downward pressure on overall inflation readings in coming months.

Inflation remains far above the readings around 2.0% seen early in 2021, which is the stated target level of the Fed. To help reduce inflationary pressures and reach this goal, the Fed will continue to raise the federal funds rate at future meetings. However, the magnitude of additional rate hikes anticipated by investors dropped sharply due to the CPI data. For example, investors were nearly evenly split before the report between a 50 and a 75 basis point increase at the next meeting in December and now widely expect just 50 basis points.

Investors will be hoping for more specific Fed guidance on the pace of future rate hikes and bond portfolio reduction. Retail Sales will be released on Wednesday. Import Prices also will come out on Wednesday. Housing Starts will be released on Thursday and Existing Home Sales on Friday.

11/10/2022

Have you heard the that it's cheaper to buy a fixer upper home?

Truth is while that may be true, some fixer uppers can have expensive issues that end up costing as much as a move in ready home.

Want to get more mortgage knowledge? Get in touch!

11/09/2022

Thanks to all our amazing customers. If you're looking for a lender for a purchase or refi, call us. One of our core values is reliability, and making sure we get the job done right and on time is our priority!*

This is a review submitted for Network Funding, LP. Original borrower review is published at https://www.facebook.com/networkfunding/reviews/. Some edits may be made to review posts for clarity or to correct errors.

11/08/2022

At Network Funding, our dedicated professionals are at the ready to help you with any of your mortgage inquiries. So feel free to reach out and let’s get you home!

11/07/2022

"The median existing-home sales price increased to $384,800, up 8.4% from one year ago."

Source: https://www.nar.realtor/newsroom/existing-home-sales-decreased-1-5-in-september